Information About MacDonald’s Tax Blog
- How Long Does It Take to Set Up an Offshore Asset Protection Trust?
If you are looking to set up an Offshore Asset Protection Trust, how long it will take to set it up depends on how long it will take you to get me the documents I need. We recommend establishing your Offshore Asset Protection Trust in the Cook Islands because that is the friendliest jurisdiction for … Read more »
- How to Become a Tax Resident of Paraguay
Paraguay is one of the easiest and quickest countries to get resident status. It is also very tax friendly for individuals and businesses. There is no income tax on income sourced from outside of Paraguay. And the corporate tax rate is 10% of net profit. There are two ways to get residency. One, is … Read more »
- How Much Does an Offshore Asset Protection Trust Cost
That’s one of the first questions people usually ask me when they are thinking about establishing an Offshore Asset Protection Trust. The cost of setting up an Offshore Asset Protection Trust will depend on a number of factors including which jurisdiction you are establishing your trust in, how many … Read more »
- Do you really need an Offshore Asset Protection Trust?
In previous posts, I’ve written about establishing an Offshore Asset Protection Trust to protect your assets from lawsuits and creditors. Setting up and maintaining an Offshore Asset Protection Trust is expensive. Depending on which jurisdiction you use, it will cost you between $USD 25,000.00 to $U … Read more »
- Four Reasons You should Have an Offshore Bank Account
Remember back in 2022 when the Trudeau Government invoked the Emergency Measures Act to freeze the bank accounts of anti-vaccine protestors? Approximately 300 accounts holding about $8 million were frozen without a court order or any form of due process. Since then, I’ve seen a regular stream of Can … Read more »